All posts tagged Supply

Verizon said a shortage of iPhone 5S devices might have contributed to fewer new customers in the third quarter.

The wireless carrier added 927,000 subscribers through contracts – more valuable than prepaid customers — a large figure but a 40% drop from the 1.54 million it added in the same period last year.

“Obviously we could have done more,” Fran Shammo, Verizon’s chief financial officer, said during the earnings conference call. There was tight supply, “especially around the 5S and I think that constrained us for this quarter.”

In an interview, Shammo said the iPhone 5S is selling far better than the 5C, a less-pricey model that comes in five colors. “The 5S was constrained. The 5C, not so much,” he said. Read More »